Balanced
Monthly Spending Plan for ________________________
Free financial budget worksheet
(2 of 3)
You should have completed
the monthly budget worksheet to enable you to compare your actual spending for
the month against your net monthly income. In this worksheet, we want to help
you create a balanced spending plan.
On average, people spend 10% more than they make each month. You can't eliminate
debt, increase savings, or maximize your investments if you are spending more
than you bring in each month. This worksheet will help you create a balanced monthly
spending plan so that you can cut hidden spending, increase savings, and eliminate
debt.
Print out the worksheet below and:
List your actual expenditures
from January (from the previous email worksheet) in the column labeled "Spent
Last Month".
List your
net monthly income and the difference between what you spent and your net income
in the "Balanced Spending Plan Summary" table.
Make the adjustments necessary
for the plan to balance with your income in
the column titled, "Adjusted Allocation".
Add up the totals from
your adjusted allocations in the "Balanced Spending Plan Summary" table.
Subtract your total allocations
from your net monthly income. This amount should be zero so that you have all
your income allocated to a spending category, with no overspending.
MONTHLY
SPENDING ACCOUNTS
MONTHLY
REQUIRED EXPENSES
SPENT
LAST
MONTH
ADJUSTED
ALLOCATION
Childcare (Day Care)
Debt/Payment
To: Credit Card #1
Debt/Payment To: Credit
Card #2
Debt/Payment
To: Credit Card #3
Debts: Car Payment #1
Debts:
Car Payment #2
Debts: Mortgage
Entertainment:
Cable & Internet
Financial Plan: IRA
Insurance:
Auto
Insurance: Health
Insurance:
Housing
Savings
Utilities:
Electricity
Utilities: Gas
Utilities:
Water/Sewer/Trash
Other Expense #1
Other
Expense #2
Monthly
Required Total (a):
MONTHLY
DISCRETIONARY EXPENSES
SPENT
LAST
MONTH
ADJUSTED
ALLOCATION
Allowances: #First_name#
Allowances:
Spouse
Auto: Gas &
Oil
Childcare
(Babysitter)
Clothing
Entertainment:
Movies & Events
Financial Plan: Investments
Food:
Dining Out
Food: Groceries
Utilities:
Phone
Utilities: Mobile
Phone
Other
Expense #1
Other Expense #2
Monthly
Discretionary Total (b):
PERIODIC
SPENDING ACCOUNTS
PERIODIC
REQUIRED EXPENSES
SPENT
LAST
MONTH
ADJUSTED
ALLOCATION
Auto:
Registration
Insurance: Homeowner's
Insurance:
Life
Taxes: Property Taxes
Other
Expense #1
Other Expense #2
Periodic Required Total (c):
PERIODIC
DISCRETIONARY EXPENSES
SPENT
LAST
MONTH
ADJUSTED
ALLOCATION
Auto: Maintenance
Donations
Financial Plan: College
Fund
Financial
Plan: Investments
Gifts: Birthday
Gifts:
Holiday
Gifts: Other
Health:
Co-pay & Supplies
Household
Vacation
Other Expense #1
Other
Expense #2
Periodic
Discretionary Total (d):
BALANCED
SPENDING PLAN SUMMARY
SPENT
LAST
MONTH
ADJUSTED
ALLOCATION
Net
Monthly Income
Monthly Required Total(a)
Monthly
Discretionary Total (b)
Periodic Required Total(c)
Periodic
Discretionary Total (d)
Total Monthly Allocations
(a+b+c+d)
Balance
(Net Monthly Income less amounts spent or allocated)
(should be 0)
There is an automated way
to do this that will save you time and money! Mvelopes Personal will help you
create a balanced spending plan, and it will automatically track your spending.
You will always know exactly how much you have left to spend and how long it has
to last. Mvelopes Personal allows you to create as many budget categories as you
need, and also allows you to track spending from as many bank accounts, credit
cards, and debit cards as you want. No more paperwork, no more math, and no more
manual data entry. Get
a free 30 day trial of Mvelopes Personal today by clicking
here or visiting www.mvelopes.com.
